China has surpassed the U.S. as the No. 1 importer of oil, and current indications are that Chinese oil demand will average 1.9% higher annually through 2035.
Money Morning Global Energy Strategist Dr. Kent Moors joined CCTV News Thursday and detailed China's rise as the top oil importer, and the impact China's oil demand will have on the global markets.
Moors also discussed whether there will be enough oil supply to satisfy global demand in the upcoming decades.
Get Moors' take on these and other pressing energy issues here: